UAE-based Commercial Bank International (CBI) reported a net profit of Dh66.1 million ($17.9 million) for the first quarter, up 108 per cent when compared to Dh31.8 million during the same period last year. Announcing the results, CBI said its assets in

The National Bank of Abu Dhabi (NBAD) has added a new feature to its Arrow service, the mobile-based payment service, allowing customers to instantly transfer funds to any bank in India at a lower price through Federal Bank, one of the leading private

Khalifa Fund for Enterprise Development ("KFED") and the National Bank of Abu Dhabi ("NBAD") plan to launch the Imtiyaz SME Development Fund, a private equity fund aimed at encouraging Emirati entrepreneurship and providing equity financing to promising

Qatar First Investment Bank (QFIB), in partnership with Dubai-based MENA Private Equity Association, is organizing a roundtable addressing the growing importance of SME’s to the region’s economic development, the challenges they face and the role of

Mashreq announced the launch of a new a top-of-the-range credit card tailored to meet the requirements of affluent customers in the UAE. It is an enhanced version of the current Platinum credit card, and will offer its members a myriad of services and

Capital Intelligence (CI), the international credit rating agency, today announced that it has upgraded Bank Dhofar's (BD) Financial Strength Rating to 'BBB+', in view of the Bank's good and improved asset quality, sound capital adequacy and good

The National Bank of Abu Dhabi (NBAD) won the Best Payments Infrastructure Project in the Asian Banker Award 2012 for the Bank's transformational payment engine rolled out last year. In naming NBAD's project the Best Payments Structure for Mid-Tier Banks

Mohammed Al-Fouzan, AGM for Banking Sector at Kuwait Finance House (KFH), has said that the bank focuses on small and medium projects, and hoped that small projects would become main pillars in the national economy; especially that such projects have

Noor Islamic Bank, along with ABC Islamic Bank, HSBC and Standard Chartered Bank, are leading a $350 million murabaha syndicated loan deal for Turkish Islamic bank TŸrkiye Finans. The deal marks the largest murabaha syndicated loan signed in the Turkish

Standard & Poor's recently assigned its 'A-' long-term and 'A-2' short-term counterparty credit ratings to Qatar Islamic Bank (QIB) with a stable outlook rating on the long-term. S&P, which rates QIB for the first time, hailed the bank's business

Bank Sohar participated in the Annual Open Day Event of College of Banking and Financial Studies (CBFS), which was held on the College premises recently. It was the third time that Bank Sohar had the privilege to support the CBFS in their Annual Open Day

Burgan Bank, one of the leading banks in Middle East and North Africa (MENA), selected ICS BANKS, the universal banking software from ICS Financial Systems Limited (ICSFS), the global software and services provider for banks and financial institutions.

Banque Saudi Fransi (BSF) plans to issue a five-year benchmark-sized Islamic bond, or sukuk, arranging banks said, after the lender completed investor meetings last week. An issue would be the Saudi bank's first sukuk under a recently-established $2